After a strong open on Monday, equities reversed lower as investors begin to fear another wave of shutdowns due to the novel coronavirus. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Tesla (TSLA) Did Tesla (NASDAQ:TSLA) just put in a temporary top?
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Work from home stocks are on fire right now. But one work from home name which has been left behind in this broad rally is secure storage provider Dropbox (NASDAQ:DBX), with Dropbox stock up just 25% year-to-date. Source: Allmy / Shutterstock.com That’s better than wider markets, but compare it to 50%+ gains for the likes
Give Occidental Petroleum (NYSE:OXY) its due. OXY stock jumped almost 58% in the second quarter as even some of the most battered fossil fuels producers rebounded from their March lows. Source: Pavel Kapysh / Shutterstock.com That rally is in the rearview mirror, and the surge is not an invitation to chase Occidental. As is the
A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Warner Music Group Corp., the label for artists like Ed Sheeran and Cardi B, went public last month with 28 underwriters. More than a third of
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season, which officially starts Tuesday with JPMorgan and Wells Fargo, is going to be wild — and unpredictable. Here’s why: About 40% of companies are not providing any guidance at all. As a result,
The headquarters of German immunotherapy company BioNTech stands on April 22, 2020 in Mainz, Germany. Thomas Lohnes | Getty Images Check out the companies making headlines after the bell: Tesla — Shares of Tesla fell 2% in extended trading. During the day, the stock rose and then fell in a volatile session and at one point
Higher lows and higher highs since April- The consolidation Open interest sends a message- Inventories rose again last week Crude oil is at an inflection point On April 20, the expiring May NYMEX crude oil futures contract fell to a price that most market participants never imagined when they reached over $40 per barrel below
Some 180 companies in the S&P 500 index have pulled their earnings guidance because of novel coronavirus uncertainties limiting the visibility of investors and analysts, the Wall Street Journal reported over the weekend. Source: Shutterstock Goldman Sachs (NYSE:GS), Netflix (NASDAQ:NFLX) and JPMorgan Chase (NYSE:JPM) unofficially kick off earnings season this week. Corporate earnings among companies
Some folks have invested in Walmart (NYSE:WMT) over the years because it’s relatively safe even in economic downturns. Others own WMT stock for the consistent dividend payouts. But now, there’s yet another reason to buy the stock and it’s making the headlines. Source: fotomak / Shutterstock.com A whole lot of buzz was generated when Walmart
The good news for Carnival (NYSE:CCL) is that the company’s stock is 80% higher since bottoming out at just under $8 in March. However, the bad news for CCL stock is that it’s still down over 70% since the first of the year. Source: Ruth Peterkin / Shutterstock.com For most of the last three months,
A view of the charging Bull with a woman in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Check out the companies making headlines before the bell: Intersect ENT (XENT), Medtronic (MDT) — Shares of Intersect ENT popped 35% after Bloomberg News reported Medtronic has made an
Thursday was a wild day on Wall Street, with some stocks flying and others dying. And with so much variation between sector performance, it’s increasingly becoming a market of haves and have-nots. So, whether you’re happy with your portfolio this week very much depends on where you have exposure. Therefore, let’s take a look at
As of June 29, Beijing-based coffee retailer Luckin Coffee (OTCMKTS:LKNCY) got delisted from the NASDAQ Exchange. Now, Luckin stock is a penny stock that may also be a bankruptcy-candidate. Source: Keitma / Shutterstock.com There has recently been increased day trading interest in shares of potentially bankrupt companies, such as Hertz Global (NYSE:HTZ), JCPenney (OTCMKTS:JCPNQ), and Whiting Petroleum (NYSE:WLL).
Costco store in Teterboro, New Jersey. SOPA Images | LightRocket | Getty Images How to pinpoint top stocks primed to outperform during this uncertain time? Here are a few of the names the best-performing Wall Street analysts are betting on right now. As we move into the second half of the year, it could make
Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy, according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month
Tonight Sunday Night Stock Market Live we will discuss if the stock market will continue to breakdown or will the stock market rally? We also discuss if the Federal Reserve will allow negative interest rates which are currently being priced into the bond market. Bob Desmond will use stock charts and technical analysis to discuss
If you’ve restricted yourself to domestic stocks, then you could be missing out on the virtually unstoppable growth of a massive and successful Chinese company. I’m referring to Alibaba (NYSE:BABA), the e-commerce giant, as the momentum in Alibaba stock isn’t likely to slow down. Source: testing / Shutterstock.com Of course, a black-swan event such as
Carnival’s (NYSE: CCL) fiscal second-quarter earnings fell short of investor expectations by a wide margin. Analysts, on average, were expecting a net loss of $1.76 per share on $737.8 million of revenue. On June 18, Carnival reported a net loss of $3.30 per share on $700 million of revenue. Since the announcement CCL stock has shed
Check out the companies making headlines before the bell Thursday: Walgreens Boots Alliance (WBA) — The pharmacy operator fell more than 3% in the premarket on weaker-than-expected results for its fiscal third quarter. Walgreens reported earnings per share of 83 cents, well below a FactSet estimate of $1.19 per share. The company’s fiscal-year earnings guidance
Fastly (NYSE:FSLY) appears to be revolutionizing internet content delivery. Moreover, it has already landed multiple rapidly growing companies as customers, and I believe that it can successfully move into new, related sectors. As a I result, I believe that FSLY stock is worth buying at this point, despite its huge gains in recent months and